30 Jul, 2021 10:04p.m.

CPI-IW up by 1.1 pts. DA hike of 3% with effect from July 2021

cpi-iw-up-by-11-pts-da-hike-of-3-with-effect-from-july-2021

The all-India Consumer Price Index for Industrial Workers (CPI-IW) saw an increase by 1.1 points during June 2021. The figures released by the Labour Bureau under the Ministry of Labour & Employment shows that the index gained 0.91 and stands at 121.7 for June 2021.

Consumer Price Index Numbers for Industrial Workers - CPI(IW) 2016=100
Sep '20 118.1   Feb '21 119.0
Oct '20 119.5 Mar '21 119.6
Nov '20 119.9 Apr '21 120.1
Dec '20 118.8 May '21 120.6
Jan '21 118.2 June '21 121.7

With all the CPI-IW indices till June 2021 that will be used for the calculation of the Dearness Allowance from July 2021 available, the DA from July 2021 will certainly be 31%, a hike of 3%. The Dearness Allowance is calculated based on the CPI-IW indices over the previous 12 months during the January and July of every year. As the government has removed the DA's freeze order, a hike can be announced during August or September. The Central Government Employees will have another reason to cheer before the next festival season. 

Finally, Cabinet okays Dearness Allowance de-freeze and hikes it to 28% | Read: PIB release on Dearness Allowance hike to 28%






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